Detailed Trade Recommendation : QTUM
Qtum is a hybrid blockchain application platform. Qtum’s core technology combines a fork of bitcoin core, an Account Abstraction Layer allowing for multiple Virtual Machines including the Ethereum Virtual Machine (EVM) and Proof-of-Stake consensus aimed at tackling industry use cases. We believe this will allow Smart Contracts and Decentralized Applications to run on a familiar foundation while offering a robust environment for developers. The underlying technology uses an “Account Abstract Layer”, which acts as a bridge between the EVM and the Unspent Transaction Output model of Bitcoin Core. There will be Oracles and Datafeed functionality, allowing developers to create Smart Contracts built around trusted sources of information.
Coin Information
Market Cap: 409 M$
Markets: Binance, LBank, BitHumb and 136 More.
All Time Low in 2018: 0.000496 BTC
All Time High in 2018: 0.005 BTC
All Time High: 0.005 BTC
7 Days Trading Range: 0.00052 BTC – 0.00072 BTC
30 Days Trading Range: 0.0005 BTC – 0.00072 BTC
Accumulation Range and period: 0.00055 BTC – 0.00058 BTC (Continuous Accumulation after 28th septmber)
Catalyst for Growth
QTUM has announced a ground-breaking partnership with Amazon Web Services (AWS). Together, QTUM and AWS will be working toward expanding blockchain service offerings in a move towards establishing Blockchain-as-a-Service (BaaS) through AWS.
For details about this partnership: Click Here
The AWS Partnership will play a vital role in generating demand for QTUM Tokens, The more usage of QTUM Tokens would eventually help it to rise the price to the next level.
More Read: Trade Recommendation: Buy Siacoin
Technical Analysis
QTUM/BTC showing consolidation and chart looks very good to accumulate more coins, before it can take off. RSI bullish divergence and MACD pushing into bullish zone.
Possible 100-200% pump incoming.
You can check out these charts for more references:
Social Media Sentiments
Social media sentiments says BULLISH.
Guys, friendly reminder. $Qtum its at $4 today, the ATH is $82. and its partnered with AMAZON.
If you are reading this and you are not buying, holding, or accumulating, are you sure how investments work?
(not a financial advice, Im just a fox) https://t.co/nL9s9wWux5 pic.twitter.com/n4w4DLjjzO
— CryptoHispano (@CryptoHispano) October 20, 2018
Imagine a blockchain platform partnering with Amazon web services and it only being up 6% from the announcement.
Well, yeah, that’s $QTUM.
Daily chart looks 🔥
Fill your boots, she’s not going anywhere now. I think Amazon tech team have done thier DD, don’t you? 😏
— James McDowall (@CryptoXpertUK) October 18, 2018
$QTUM is an interesting chart here, bollinger bands haven't been tighter than they are now and that's zoomed out for the last year, big buy volume coming in recently and they just announced a partnership with Amazon, I wouldn't sleep on this for too long pic.twitter.com/VnfS1PEVnp
— UZI (@LilUziVertcoin) October 18, 2018
Trade Signal
Pair: QTUM/BTC
Exchange: Binance
Entry: 0.0006 – 0.0007BTC
Exit: 0.001 – 0.0012 – 0.0015 BTC
Stop: 0.00055 BTC
Time: 3 weeks
Must Read
Trade Recommendation: Buy GVT(Genesis Vision)
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
